Relevant and even prescient commentary on news, politics and the economy.

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White House not slowed down by disaster in financials

Steve Benen at The Washington Monthly points to a WSJ article that cautions us: THE ULTIMATE BUSH LEGACY FOR BIG BUSINESS…. Bush’s presidency may be winding down, but he’s not…

Doing the honorable thing

…and her employees would comply with the investigation. French then hired Steve Branchflower, a former DA who most recently was hired by legislative Republicans to run the state’s Office of…

Taxes and cuts

…Simpsons episode “Trash of the Titans” was aired. In that episode, Homer becomes Springfield’s sanitation commissioner, defeating the incumbent Ray Patterson (voiced by Steve Martin), and promises a lot of…

Picture these flip flops

Hat tip to Robert’s Stochastic thoughts for this link to Steve Benen. The bet is on for 100 flip flops before election time. What is a flip flop versus reasoned…

Declaring losses does hardly anything??

Hat tip to James McCarthy who notes: Still no mark to market – Steve Hsu at Information Processing via Dealbreaker Mortgage– 28 July 08 Mortgage-backed assets with face value of…

Index funds and commodities 2

…at least a few of the major actors. So, a few clips not from the Barron’s article but another and related posting by Steve Briese: What you didn’t read in…

I feel better already!

Steve Benen at The Carpetbagger Report comments on the President’s reassurances at a White House press conference today, keeping his tax cuts as a way out of the slowdown. In…

Rebate economic bounce due soon?

Hat tip to reader TinMan. Steve Liesman, senior economic advisor to CNBC TV, predicts optimism for the rebate effect, just like in 2001. TinMan says: So, that stimulus check is…

Profits increase capital or finance spending today?

…question savings glut versus investment scarcity, a week ago, I wrote to the Washington Post journalist, Steve Mufson, asking how long he thought that Exxon’s stock buybacks exceeded real investment….

Thinking or testing

…persistent, long-term cognitive benefits, according to psychologists in Scotland. Keith Topping and Steve Trickey first reported the short-term benefits of using Thinking through Philosophy” with children in an earlier study….